2011 - PRESENT

ENDURANCE CAPITAL Partners LLC

 

May 2011: LinkedIn IPO- leading business based social media website.

 

August 9, 2011:  U.S. credit downgraded below AAA for first time ever.

 

August 10, 2011:  Apple surpassed ExxonMobil to become company with largest U.S. market cap at $337mm.

 

April 2012: Splunk IPO- early big data analytics software supplier.

 

May 2012:  Facebook IPO- the leading social media website.

 

July 2012:  Palo Alto Networks IPO- leading cyber-security software supplier.

 

2013:  222 total U.S. IPO’s – most since 2000.

 

December 2014:  U.S. Government funding shutdown.

 

April 23, 2015:  NASDAQ Composite Index closed at 5,056 – surpassing the March 10, 2000 peak for first time.

 

August 10, 2015:  Chinese RMB devaluation – global growth scare across equity markets.

 

June 27, 2016: Britain “Brexit” vote.

 

November 8, 2016: U.S. Presidential election.

 

August 2, 2017: Apple reported 3Q17 financials- 1.2B cumulative iPhones shipped since launch $800B market cap.

 

2003 - 2010

Sell-Side Technology Research/Growth Strategist

 

David joined Marsico Capital Management as a Senior Investment Analyst with a focus on the technology sector

 

China Internet Opportunity Awakens:

• December 2003: Ctrip IPO – Internet travel
• June 2004: Tencent IPO – Instant messaging leader
• July 2005: Baidu IPO – the “Google of China”

 

August 2004: Google IPO on August 19- Priced shares of Google at $85 via Dutch auction.

 

January / June 2007:  Apple CEO Steve Jobs announces and then ships 1st iPhone 1.0 with integrated voice x camera x App Store - messaging.

 

2008:   NASDAQ decline (42%) to close at 1212 level.

 

March 14, 2008:  Bear Stearns collapses.

 

September 15, 2008: Lehman Bros. files for bankruptcy.

 

November 3, 2010:  U.S. Federal Reserve launches 'QE2'.

1983 - 2003

Sell-Side Technology Research/Growth Strategist

 

June 1983:  David received MBA from New York University, where he wrote his Master’s Thesis on “Financing the Growth of High Tech Firms”.

 

June 1983:  David began Wall Street career as an equity research analyst at Smith Barney in their Emerging Growth Group.

 

Summer 1983: Smith Barney sent David to meet with a young Bill Gates in Bellevue, Washington, largely because David was “not senior enough” to cover and visit IBM or Armonk.

 

March 1986: Oracle and Microsoft IPO within 4 days of each other: March 12 and March 16.

 

October 19, 1987:  Black Monday.

 

1984-1990:  David named Institutional Investor All-American team for Software & Services Sector research and David recognized as an Institutional Investor All-Star Ranked Analyst.

 

October 1989:  David moved to San Francisco to build out West Coast Equity Technology Sector research practice for Shearson Lehman (Lehman Brothers).

 

August 1991:  Sybase IPO on August 20. Lehman Brothers served as co-manager.  First client/server database tech software company.

 

1992-1999:  David joined and worked at Montgomery Securities as Partner & Senior Investment Analyst for Software Sector. Led Software and Internet Research practice.

 

April 1994:  David hosted first major Internet Wall Street Conference: “The Information Highway 1995 & Beyond” from April 8-9. Bill Gates and John Malone were keynote speakers.

 

August 1995:  Netscape IPO on August 9- signified beginning of “Internet 1.0”.

 

August 1995:  Microsoft Windows ’95- launched on August 15 with no browser included.

 

December 1995:  Bill Gates called urgent meeting in December and reships Windows ’95 with browser.

 

April 1996:  Yahoo! IPO on April 11 with Montgomery Securities serving as Co-Manager. Leading Internet commerce site.

 

June 1996:  Siebel Systems IPO on June 27. Montgomery Securities served as Co-Manager and the IPO represented the first enterprise-client/server software.

 

September 1998:  Long-Term Capital Management collapsed on September 23.

 

November 1999:  Glass-Steagall Act repealed.

 

November 1999:  David co-founded Thomas Weisel Partners, a growth-equity focused merchant bank in San Francisco.

 

January 2000:  AOL and Time-Warner merged on January 10 in $164B merger. David was quoted in Time Magazine (January 24), “The Nerds have won”.

 

April 2000:  David wrote report, “Ode to a Great Growth Stock” following Microsoft’s antitrust lawsuit loss on April 3. The report was an analysis of Microsoft outlook following Microsoft anti-trust ruling.

 

June 2000:  David publishes weekly internet research report, d.I.R.T.- dreaderman Internet Research Trends. “Internet Bubble” busts.

 

September 11, 2001

 

July 2002:  WorldCom declares bankruptcy- Internet Telecom bust is official.